US banking giant JPMorgan continues its steps towards the cryptocurrency market. In this regard, JPMorgan announced that it has expanded JPM Coin, which Coinbase launched on its Ethereum Layer 2 network Base last year, to the Ethereum network.
JPMorgan Expands to the Ethereum Network!
According to Bloomberg, JPMorgan will launch its dollar deposit token, JPM, on the Ethereum network. Originally launched on the Base network last year, JPM Coin allows institutional clients to transfer deposits 24/7.
At this point, JPM Coin enables institutional clients to transfer money and make payments 24/7, in near real-time, without being limited by traditional bank operating hours or payment delays.
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